Bloomberg Hong Kong’s short-term borrowing costs haven’t been this high for a decade, and the impact is starting to show on the city’s financial markets. The tightness has weighed on demand for stocks at a time when street clashes have undercut sentiment towards the city’s assets. A gauge of Hong Kong property companies tumbled the most in five months as ...

Bloomberg When it’s all done, when the bulls have been broken, historians will look back and have something definitive to say about this rally’s causes and consequences. Until then, we must settle for theories. In a baffling week, oil tankers were attacked in the Gulf, America blamed Iran, and US stocks rose. President Donald Trump threatened to slap sanctions on ...

Bloomberg The boast by People’s Bank of China Governor Yi Gang this month that he has “tremendous room” to adjust policy could soon be tested as the economy slows, throwing attention on the impact on the nation’s fragile currency and financial markets. Compared to European and Japanese peers, China does have more obvious policy space. Its benchmark one-year lending rate ...

Bloomberg Trade-reliant Thailand better get used to worrying about the export outlook if President Donald Trump wins a second term, according to an official who helps to decide the country’s policy interest rate. “The US-China trade war has haunted us,” Somchai Jitsuchon, a member of the Bank of Thailand’s (BOK) monetary policy committee, said in an interview. “And that may ...

Bloomberg Japanese inflation data looks set to push bond yields even lower and increase scrutiny of central bank Governor Haruhiko Kuroda, who says he can deliver more big monetary stimulus if necessary. Yields on Japanese government bonds have fallen since mid-April, with returns on 10-year debt touching a near three-year low of minus 0.135 percent on June 7. While these ...

Bloomberg Switzerland’s government opposes a measure that would forbid the central bank, pension funds and foundations from investing in munitions-makers, saying it wouldn’t be effective. The pending popular initiative would make it impossible for the Swiss National Bank from investing in a market-neutral way and would also create a precedent for other restrictions the government said in a statement. The ...

Bloomberg Russia’s central bank shifted solidly to monetary easing, saying first interest rate cut in more than a year could be followed by two more in 2019, as inflation slows and growth sputters. The move makes Russia the latest emerging market to shift towards more dovish policy as escalating trade woes weigh on growth. The change in trajectory of interest ...

Bloomberg Goldman Sachs economists are skeptical that trade policy uncertainty is a major drag on business investment at the moment. Instead, they’re pointing to other economic indicators, which they say are still okay. “The link between economic policy uncertainty and capex weakens sharply when taking into account financial conditions and company investment spending expectations, which both still signal a decent ...

Bloomberg Airbus SE is considering bringing the world’s first hybrid-electric airliner to market as it weighs its strategy for replacing the bread-and-butter A320neo narrow-body in the next 15 years — a move that would mark a technological leap for the aerospace industry. The European planemaker has grown confident that the revolutionary propulsion system will be ready for roll-out on an ...

Bloomberg France, Germany and Spain will move a step further to building a new combat plane on Monday at the Paris Air Show when defense ministers will sign a cooperation accord to produce a prototype. The three European countries are aiming to produce the prototype in 2026, the French president’s office said. The project was launched in 2017 by President ...